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Farmers in Cordoba and Santa Fe provinces have returned to the roads protesting new export duties and tax increases passed by the Fernandez administration. Protests include hundreds of tractors and vehicles converging near Rosario.
Protests signal possible disruption to grain movement and farmer selling, but the duty increases themselves are the main price driver; the impact on prices is uncertain and likely modest.
batimes.com.arJames GraingerDec 9, 2019After 206 past neutral policy events, SBM moved a median -0.4% over 5 sessions (44% higher; middle half -2.3% to +1.8%), and -0.7% over 20.
After 439 past neutral policy events, CORN moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +1.2%), and +1.1% over 20.
After 137 past neutral policy events, WHEAT moved a median -0.4% over 5 sessions (43% higher; middle half -1.9% to +1.2%), and +0.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
